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16 The DrudgeReport Co. has a target debt-equity ratio of 0.67. Its cost of equity is 19 percent, and its cost of debt is 9

16 The DrudgeReport Co. has a target debt-equity ratio of 0.67. Its cost of equity is 19 percent, and its cost of debt is 9 percent. If the tax rate is 35 percent, what is the company's WACC? 14.41% 13.04% 11.13% 13.72% 10.19%

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